# Raffles Family Office (RFO)

Raffles Family Office (RFO) is a Multi Family Office based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 2016
- **Assets under management:** $1.8B (Altss estimate)
- **Website:** rafflesgroup.co
- **LinkedIn:** https://www.linkedin.com/company/raffles-family-office

## Regulatory record

- **Reports private funds:** No

## About

Chi-man Kwan established Raffles Family Office in Hong Kong in 2016. The firm operates as a multi-family office serving clients primarily in Asia. Kwan also chairs the Family Office Association Hong Kong. RFO allocates across private equity, real estate, private credit, infrastructure, digital assets, and fund-of-funds commitments. It executes direct co-investments and SPVs alongside growth and opportunistic strategies. Confirmed positions include participation in Tishman Speyer/Raffles Family Office APAC Opportunity Fund I and collaboration with Animoca Brands on digital asset initiatives. The firm maintains geographic reach in Asia, the Middle East, Europe, North America, Africa, and Oceania. The platform employs an integrated team that includes Ray Tam as co-founder of Revo Digital Family Office and Kendrick Lee as head of Singapore operations. RFO maintains the Raffles Family Office Foundation Limited and holds memberships in Campden Wealth and the Hong Kong Singapore Business Association. No operational events from the last 24 months appear in available records. RFO combines a regulated Hong Kong base with explicit digital asset and venture co-investment mandates. This structure allows the firm to serve both traditional wealth preservation and technology-adjacent exposure within one entity.

## Sectors

- Luxury
- Energy Transition & Renewables
- Healthcare Services
- Sports & Wellness
- FinTech
- Digital Health
- HRTech

## People

- Chi-man Kwan — Group CEO and Co-founder
- Ray Tam — Co-founder and CEO of Revo Digital Family Office
- Kendrick Lee — Co-founder and CEO of Singapore operations
- William Chow — Deputy Group CEO

## Questions

### Who runs investment decisions at Raffles Family Office?

Chi-man Kwan serves as Group CEO and sets overall direction. Ray Tam and Kendrick Lee lead specific vehicles including Revo Digital and the Singapore office.

### Does Raffles Family Office participate in fund commitments or only direct deals?

The firm executes both fund commitments and direct co-investments or SPVs. It maintains an SFC-approved digital asset fund and a real estate opportunity fund with Tishman Speyer.

### What investment stages does Raffles Family Office typically target?

RFO targets growth, opportunistic, and value-add stages across private equity, real estate, and venture holdings.

### How is Raffles Family Office related to Revo Digital Family Office?

Revo Digital Family Office operates as a dedicated vehicle under the RFO platform with Ray Tam as co-founder and CEO.

### Where does the underlying wealth come from?

Wealth origin for client families is not publicly disclosed.

### Does Raffles Family Office maintain philanthropic structures?

Raffles Family Office Foundation Limited exists as a separate philanthropic entity.

### What is Raffles Family Office's known posture on co-investments alongside external GPs?

RFO conducts co-investments with partners including Tishman Speyer in real estate and Antler in early-stage technology.

## Related profiles

- [Private Department of H.E. Sheikh Mohammed Bin Khalid Al Nahyan](https://altss.com/profile/private-department-of-h-e-sheikh-mohammed-bin-khalid-al-nahyan)
- [Family Office Advisors](https://altss.com/profile/family-office-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/raffles-family-office-rfo

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